the following inventories data relate to bright ltd 619554
The following inventories data relate to Bright Ltd.
|
Inventories |
||
|
Beginning |
Ending |
|
|
Finished goods |
55,000 |
47,500 |
|
Work-in-progress |
35,000 |
40,000 |
|
Raw materials |
45,000 |
47,500 |
|
Additional information |
||
|
Cost of goods available for sale |
3,42,000 |
|
|
Total goods processed during the period |
3,27,000 |
|
|
Factory overheads |
83,500 |
|
|
Direct materials used |
96,500 |
|
Requirements:
- Determine raw material purchases.
- Determine the direct labour cost incurred.
Determine the cost of goods sold.